TFTC: A Bitcoin Podcast #624: Building the Bitcoin Banking Stack with Adam Back and Sean Bill
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May 27, 2025 Join Adam Back, CEO of Blockstream and cypherpunk pioneer, alongside Sean Bill, CIO focusing on Bitcoin in institutional finance. They dive into the evolution of Bitcoin from tech innovation to financial services, discussing pension fund strategies and Bitcoin-collateralized lending. The guests shed light on how Bitcoin can democratize finance and provide solutions for underfunded pensions. They also explore the transformative potential of second-layer solutions like Lightning Network, reshaping the future of banking.
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Bitcoin Meets Pension Boards
- Sean Bill shared his experience getting Bitcoin into a public pension fund portfolio.
- It took years and six attempts to persuade conservative boards about Bitcoin's value.
Institutional Adoption Accelerates
- Institutional adoption benefits from brand recognition, like BlackRock's ETF backing.
- Corporate and sovereign Bitcoin treasury strategies are accelerating demand.
Bitcoin as Pristine Collateral
- Bitcoin is considered pristine collateral to attract dollar liquidity into the ecosystem.
- Structured financial products enable borrowing against Bitcoin without selling it.
